Nigeria must enhance its crude oil production capacity and effectively manage supply to ensure adequate feedstock for domestic refineries, in…
Browsing: OPEC
OPEC identified the Dangote Refinery as one of the key players poised to challenge traditional suppliers in Europe. The report underscores how the refinery’s increasing output, coupled with robust flows from the Middle East and new supplies from Mexico’s Olmeca refinery, could reshape the dynamics of the European oil market in the mid-term.
Growth rate of Nigeria and other West African countries is predicted to rise from an estimated 3.6 per cent in…
The Brent crude oil, on Thursday, reached its global highest price of $94 per barrel in the year running of 2023. Tight supply conditions are seen as reasons for the surge.
ASHENEWS reports that the Organization of Petroleum Producing Countries (OPEC) says crude oil output production increased mainly in the Islamic Republic of Iran, Nigeria and Iraq.
The Organisation of the Petroleum Exporting Countries (OPEC) has called on the International Energy Agency (IEA) not to further undermine the oil industry investments.
Citi warns crude could slump to $65 if recession hurts demandWTI futures posted its biggest drop in nearly three monthsOil…
The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 123.21…
The Secretary-General, Organisation of the Petroleum Exporting Countries (OPEC), Mr Mohammad Barkindo on Wednesday, lauded the 2016 multilateral Declaration of…
Nigeria’s crude oil production increased by 70,000 barrels per day in May according to a Reuters Survey released on Tuesday.…